Daily Financial Breakfast 17 October 2026: Warsh Won't Prejudge October Decision While Ueda Reiterates Further Rate Hikes
Market News Today: Key Takeaways
- Federal Reserve Chair Warsh said he would not prejudge October's rate decision in his final remarks before the quiet period.
- Bank of Japan Governor Kazuo Ueda reiterated that the central bank will continue raising interest rates as underlying inflation approaches its 2% target.
Market Developments
Foreign Exchange
The Dollar Index fell from just above 102.00 to about 101.85 within five minutes as Federal Reserve Chair Warsh spoke, then extended its decline to its lowest since October 1. The decline stalled near 101.60 twice.
Аналитика TMGM: новости финансовых рынков, экономический календарь и рыночные инсайтыCentral Banks
Fed Chair Warsh Says He Will Not Prejudge October Rate Decision
Federal Reserve Chair Warsh declined to prejudge the October policy meeting, saying he does not prejudge meetings. His comments were his final remarks before the central bank's quiet period.
BoJ Governor Ueda Reiterates Further Rate Hikes as Inflation Nears 2%
Bank of Japan Governor Kazuo Ueda reiterated on Friday that the central bank will continue raising interest rates as underlying inflation approaches its 2% target. Ueda said financial conditions remain accommodative.